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16 Feb 2024, 12:30 PM
Change in mutual fund settlement cycle due to settlement holiday on Feb 19, 2024
February 19, 2024, will be a non-business day for Debt and Liquid Funds on account of Chhatrapati Shivaji Maharaj Jayanti. Any purchase and redemption orders placed in liquid and debt schemes after 2 pm on 16th February, 2024 will be processed on 20th February, 2024. Allotment and redemptions due on 19th February will be settled on 20th February, 2024.
Note: For Equity schemes, orders placed on 19th February 2024 will be processed on the same day. For more details, you can refer to this BSE Circular.
Refer to the table below to understand the settlement procedure for each category.
| Equity | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction for all settlement type | Transaction for all settlement type | ||||
| 16-Feb-24 | 16-Feb-24 | 20-Feb-24 | Depending on Payout TAT of the scheme | ||
| 19-Feb-24 | 19-Feb-24 | 20-Feb-24 | |||
| Debt | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction for all settlement type | Transaction for all settlement type | ||||
| 16-Feb-24 | 16-Feb-24 | 20-Feb-24 | Depending on Payout TAT of the scheme | ||
| 19-Feb-24 | 20-Feb-24 | 21-Feb-24 | |||
| Liquid (L0) | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction executed before cut of time | Transaction for all settlement type | ||||
| 16-Feb-24 | 15-Feb-24 | 16-Feb-24 | NA | ||
| 19-Feb-24 | 19-Feb-24 | 20-Feb-24 | |||
| Liquid (T1) | |||||
| Transaction Date | Subscription | Redemption | |||
| Nav Applicability | Unit Allotment | Payout date | |||
| Transaction executed before cut of time | Transaction for all settlement type | ||||
| 16-Feb-24 | 19-Feb-24 | 20-Feb-24 | Depending on Payout TAT of the scheme | ||
| 19-Feb-24 | 20-Feb-24 | 21-Feb-24 | |||